Stocks/Bonds 60/40 Momentum Portfolio: Dividend Yield

Last Update: 29 February 2024

The Stocks/Bonds 60/40 Momentum Portfolio granted a 2.16% dividend yield in 2023.

It's a High Risk portfolio and it can be implemented with 2 ETFs.

Portfolio Dividend Yield

The Dividend Yield of Stocks/Bonds 60/40 Momentum Portfolio is the result of the following asset allocation:

STOCKS/BONDS 60/40 MOMENTUM PORTFOLIO
Dividend Yields (%)
Period: January 2023 - February 2024
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2024(*) 2023
Stocks/Bonds 60/40 Momentum Portfolio 0.12% 2.16%
Weight Components Dividend Yield (%)
60.00% MTUM - iShares Edge MSCI USA Momentum Fctr 0.00% 1.46%
40.00% BND - Vanguard Total Bond Market 0.29% 3.20%
(*) Dividend Yield is calculated only for a portion of the year

Capital Growth and Dividends

In the following table, Capital Growth details (with and without dividend reinvestment) are represented.

If you are not interested in a periodic income and you need a strategy with a dividend reinvestment, please refer to the Stocks/Bonds 60/40 Momentum Portfolio: ETF allocation and returns page.

STOCKS/BONDS 60/40 MOMENTUM PORTFOLIO
Capital Growth with or without dividend reinvestment
1000$ invested from January 2013 to February 2024
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Year
Dividend
Cumulative
Dividend
Cashflow
Portfolio
Value
EOY Capital
Amount Yield Effective
Ptf + Cashflow
Total Return
Div. reinvestment
1000.00
2013 17.80 1.78% 17.80 1181.27 1199.07 1199.07
2014 22.47 1.87% 40.27 1290.21 1330.48 1332.13
2015 23.26 1.75% 63.53 1339.67 1403.20 1406.45
2016 26.86 1.91% 90.39 1367.81 1458.20 1462.85
2017 27.41 1.87% 117.81 1669.44 1787.25 1812.85
2018 33.57 1.85% 151.38 1621.15 1772.53 1794.00
2019 40.90 2.28% 192.28 1906.59 2098.87 2150.76
2020 35.57 1.65% 227.86 2275.33 2503.19 2602.31
2021 31.12 1.20% 258.98 2413.63 2672.61 2791.61
2022 49.19 1.76% 308.17 1980.09 2288.26 2339.36
2023 50.44 2.16% 358.61 2089.05 2447.66 2518.52
Feb 2024(*) 2.92 0.12% 361.53 2276.16 2637.69 2747.03
(*) Dividend Yield is calculated only for a portion of the year WITHOUT
dividend
reinvestment
WITH
dividend
reinvestment

Column meaning:

  • Dividend -> Amount: Income returned over the year (or portion of the year)
  • Dividend -> Yield: Dividend Yield calculated on the starting price of the year
  • Cumulative Dividend Cashflow: Sum of all the dividends received
  • Portfolio Value: Investment Value, excluding dividends, at the end of year
  • EOY Capital -> Effective: Investment Value plus cumulative dividends
  • EOY Capital -> Total Return: Investment Value, with dividend reinvestment

Which are the global returns of the last periods? In the following table, the Effective Return considers the received (and not reinvested) dividends. Total Return is calculated assuming dividend reinvestment.

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Period Portfolio
Return
Effective
Return
Total
Return
Jan 2023 - Feb 2024 +14.95% +15.27% +17.43%
Jan 2021 - Feb 2024 +0.04% +5.37% +5.56%
Jan 2019 - Feb 2024 +40.40% +48.81% +53.12%
Jan 2017 - Feb 2024 +66.41% +80.89% +87.79%
Jan 2014 - Feb 2024 +92.69% +119.98% +129.10%
WITHOUT
dividend
reinvestment
WITH
dividend
reinvestment

Yearly Returns and Dividend Yield

Dividends are essential for the investor who needs additional periodic income. When dividends are not reinvested, how much is the real portfolio return over the years?

STOCKS/BONDS 60/40 MOMENTUM PORTFOLIO
HISTORICAL RETURNS AND DIVIDEND YIELDS
Period: January 2013 - February 2024
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Year Total Return Dividend Yield Return
Without Dividends
2013 +19.91% 1.78% +18.13%
2014 +11.10% 1.87% +9.22%
2015 +5.58% 1.75% +3.83%
2016 +4.01% 1.91% +2.10%
2017 +23.93% 1.87% +22.05%
2018 -1.04% 1.85% -2.89%
2019 +19.89% 2.28% +17.61%
2020 +20.99% 1.65% +19.34%
2021 +7.27% 1.20% +6.08%
2022 -16.20% 1.76% -17.96%
2023 +7.66% 2.16% +5.50%
Feb 2024(*) +9.07% 0.12% +8.96%
(*) Dividend Yield is calculated only for a portion of the year

Actual Dividend Yield for long term investors

What would have been the annual Dividend Yield received by investors if they had implemented the Stocks/Bonds 60/40 Momentum Portfolio allocation over the past years?

E.g. If you had implemented it 3 years ago, how much would be your actual dividend yield today?

STOCKS/BONDS 60/40 MOMENTUM PORTFOLIO
ACTUAL DIVIDEND YIELD for long-term investors
Period: January 2013 - February 2024
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Starting Period
of the
Investment
Actual Dividend Yield over years
2018 2019 2020 2021 2022 2023 2024(*)
Jan 2013 3.36% 4.09% 3.56% 3.11% 4.92% 5.04% 0.29%
Jan 2014 2.80% 3.41% 2.97% 2.60% 4.10% 4.21% 0.24%
Jan 2015 2.52% 3.07% 2.67% 2.34% 3.69% 3.79% 0.22%
Jan 2016 2.39% 2.91% 2.53% 2.21% 3.50% 3.59% 0.21%
Jan 2017 2.29% 2.80% 2.43% 2.13% 3.36% 3.45% 0.20%
Jan 2018 1.85% 2.26% 1.96% 1.72% 2.71% 2.78% 0.16%
Jan 2019 2.28% 1.98% 1.73% 2.74% 2.81% 0.16%
Jan 2020 1.65% 1.45% 2.29% 2.35% 0.14%
Jan 2021 1.20% 1.89% 1.94% 0.11%
Jan 2022 1.76% 1.81% 0.10%
Jan 2023 2.16% 0.12%
(*) Dividend Yield is calculated only for a portion of the year

Collecting dividends is useful to obtain an additional income. Obtaining a large amount of income is the first step to financial freedom. However, if your need is to increase your capital as much as possible with dividend reinvestment, please refer to the Stocks/Bonds 60/40 Momentum Portfolio: ETF allocation and returns page.